Financial Back-Up for Small Businesses Vital for Recovery; COMMISSIONER FOR INDUSTRY AND ENTREPRENEURSHIP AND VICE PRESIDENT OF THE EUROPEAN COMMISSION, ANTONIO TAJANI, ON THE IMPORTANCE OF THE SME SECTOR TO ECONOMIC RECOVERY

SMALL and medium-sized enterprises run by dynamic entrepreneurs are the job generators of Europe.

If we want to stimulate growth in Europe, it is from our SMEs that we must start. The entrepreneurial potential in Europe is not fully exploited: 45% of all Europeans would like to become their own boss if they could, but only an average of 10% is actually self-employed today.

If we could raise this percentage, we could have millions of new innovative and creative enterprises which would rejuvenate Europe's economic basis, make it more robust, more job-generating and more resilient to stormy economic times.

In economic crisis small businesses are the hardest hit. Between 2002 and 2008, small businesses in the 27 member states of the …

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Publication information: Article title: Financial Back-Up for Small Businesses Vital for Recovery; COMMISSIONER FOR INDUSTRY AND ENTREPRENEURSHIP AND VICE PRESIDENT OF THE EUROPEAN COMMISSION, ANTONIO TAJANI, ON THE IMPORTANCE OF THE SME SECTOR TO ECONOMIC RECOVERY. Contributors: Not available. Newspaper title: Western Mail (Cardiff, Wales). Publication date: June 3, 2010. Page number: 32. © 2009 MGN Ltd. COPYRIGHT 2010 Gale Group.

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